How Oligopolies Define The Manufacturing World

How Oligopolies Define the Manufacturing World
Erica Bass
ECO204 Principles of Microeconomics
Phelicia Price
November 14, 2011

How Oligopolies Define the Manufacturing World
Sometimes it can be difficult to determine if a firm is an oligopoly or a monopoly. Lets take a look at these four firms; nomadic milk, womens and girls cope and sew dresses, envelopes, and electronic computers, concentration ratios to determine if they would be considered an oligopoly or not. By definition an oligopoly is A form of industry (market) social structure characterized by a few dominant firms. Products may be homogenous or differentiated.(Case, Fair, Oster, p. 448)
The first firm looked at was fluid milk, which is primarily engaged in (1) manufacturing processed milk products, such as pasteurized milk or choice and sour cream and/or (2) manufacturing fluid milk dairy farm substitutes from soybeans and other nondairy substances. According to the U.S. nose count bureau, in 2007 the fare companies were 280, the total value of shipment was 33,547,992, and the per centum of total value shipments was coulomb percent. (http://www.census.gov/econ/concentration.



html)
The second firm looked at was womens and girls cut & sew dresses, which is establishments primarily engaged in manufacturing womens and girls dresses from purchased fabric. Womens and girls dress jobbers, who perform entrepreneurial functions involved in dress out manufacture, including buying raw materials, designing and preparing samples, arranging for apparel to be made from their materials, and marketing finished apparel, are included. According to the U.S. Census Bureau, in 2007 the total companies were 356, the total value of shipment was 1,985,938, and the percent of total value shipments was 100 percent. (http://www.census.gov/econ/concentration.html)
The third firm looked at was envelopes, which is establishments primarily engaged in manufacturing envelopes for mailing or letter paper of any material including...If you want to get a wide-eyed essay, order it on our website: Orderessay



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